In business, there are times to be a leader and times to be a follower. When it comes to blockchain, Rich de Moll, Vice President, Blockchain Solutions for Finance at IBM Cognitive Process Services, encourages CFOs and senior finance executives to lead. You then, ultimately, set the terms on how this technology evolves and how it reinvents the supply chain, increases profits, and creates new revenue streams.
Despite the advantages of adopting sustainability reporting practices, many business owners and board directors continue to view sustainability reporting as merely a compliance exercise. They also have the mindset that over-disclosure could result in leakage of trade secrets and loss of competitive advantage.